Floridians mostly rebound in early New York trading
Shares of some insurers rebounded from yesterday's selloff
in New York as investors jumped in to take advantage of declines
that at least one analyst described as overdone.
One of the biggest beneficiaries was Heritage, a Clearwater,
Florida-based property and casualty carrier whose shares climbed by
more than 10 percent in late morning trading after the company said
it expects third quarter earnings to "closely
approximate" previous guidance, offset by as much as $20mn in
catastrophe losses sho
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